Darya Sinusoid, Author at Shortform Books

Fooled by Randomness: Quotes by Nassim Taleb

Are you looking for Fooled by Randomness quotes? What are some of the most noteworthy passages worth revisiting? In Fooled by Randomness, former options trader Nassim Nicholas Taleb examines the outsized role luck plays in success, why people don’t generally understand luck, and how we can accommodate randomness in our lives once we’re aware of it. While Taleb primarily focuses on examples from the world of investing, his principles demonstrate how we’re fooled by randomness in many aspects of our lives. Below is a selection of Fooled by Randomness quotes with explanations.

The Ideal Team Player: Humble, Hungry, and Smart

Are your employees natural team players—humble, hungry, and smart? What can you do to instill these qualities in your workforce? For organizations committed to a teamwork culture, the right people are ideal team players who are humble, hungry, and smart. People who are humble focus on the success of the team rather than their personal interests. People who are hungry are driven to seek more work and responsibility. And people who are smart have common sense when it comes to dealing with people—they understand where others are coming from. To help those who are significantly lacking in one of the

How Are Resources Allocated in a Market Economy?

How are resources allocated in a market economy? What is the advantage of price-based resource allocation? In a free-market economy, resources are allocated by prices. In this way, a market economy is self-regulating, allowing real-time coordination across millions of goods and services, without any central authority knowing and setting all the prices. In this article, you’ll learn how prices allocate resources and how supply and demand respond to prices.

The Power of Positive Thinking: Book Overview

What is The Power of Positive Thinking about? How can having faith, according to its author Norman Vincent Peale, help you live a happier and more fulfilling life? In his book The Power of Positive Thinking, Norman Vincent Peale outlines the practical techniques of applied Christianity to help you take control of the events in your life rather than be directed by them. As a result of these methods, you can enjoy better relationships, a greater sense of well-being, robust health and energy, and a stronger sense of purpose in the world. Below is a brief overview of The Power

Nassim Taleb: Fooled by Randomness—Book Overview

What is Nassim Taleb’s Fooled by Randomness about? What role does luck or randomness play in success? Fooled by Randomness is the first work in a five-book series exploring randomness by bestselling author and former options trader Nassim Nicholas Taleb. In this book, Taleb examines the outsized role luck plays in success, how and why people don’t generally understand luck, and how we can accommodate randomness in our lives once we’re aware of it. Below is a brief overview of the key points.

How to Build a Strong Teamwork Culture

How important is a teamwork culture in your organization? What are some things you can do to establish a strong culture of teamwork and cooperation? For organizations committed to a teamwork culture, hiring the right people and encouraging team spirit is key. According to Patrick Lencioni, the author of The Ideal Team Player, the key to developing a strong teamwork culture in an organization is to hire natural team players who possess the following three qualities: being humble, hungry, and smart. Besides helping individuals become humble, hungry, and smart, it’s important to embed these values in your company’s culture. Here

The Role of Banks in the Economy: Explained

How to be Rich and Successful: 3 Steps to Follow

What purpose do banks serve? How do banks contribute to the greater good of economic agents (firms and consumers)? Banks serve a number of important roles in an economy. First, banks guard money and provide businesses with credits for large investments which allow businesses to operate on a large scale, driving down costs and standards of living. Of course, banks also lend to individual consumers to finance their purchases, which fuels the demand for goods and services. In this article, we’ll discuss the role of banks in the economy and how they are regulated.

Can’t Relax? Try Slowing Down Your Tempo

Are you always tense and agitated? Do you have difficulty relaxing and just “muting” your problems for even a short time? People have difficulty relaxing and this stops them from living a full life. If you are always on edge and can’t relax easily, try to slow down: consciously do everything more easily, slowly, and without pressure. Here are some relaxation tips from Norman Vincent Peale, the author of The Power of Positive Thinking.

Understanding the Psychology of Learning

How do we learn? What are the processes that allow us to encode knowledge into the brain? Psychologists conceptualize three stages of learning: 1) encoding, 2) consolidation, and 3) retrieval. At the encoding stage, the brain creates mental representations of the information. Then, it consolidates it by transferring it from short-term to long-term memory. Finally, it cements the knowledge to make it available for retrieval. Learn more about the psychology of learning, what happens at each stage, and how new information is embedded in the brain at the cellular level.

Luck and Success: Succeeding by a Roll of the Dice

What role does luck play in success? Do you tend to attribute your own successes to luck or effort? People often overestimate the influence of effort in success. Though hard work, skill, and intelligence are often necessary first steps toward success, they rarely account for runaway success, which is far more often due to luck—a positive rare event plus a lack of negative rare events. In today’s article, we’ll talk about luck and success—how huge of a role luck plays in bestowing success and why we often mistake it for skill.